Kazure’s N89 Trillion Stamp Duty Revenue Poppycock: Nigerians Must Learn To Interrogate Everything

By Nnaemeka Obiaraeri

“It is becoming so clear to every honest and discerning observer that Kazure may actually be an integral part of organised syndicate  within the class of political bandits who are so hell bent on discrediting and undermining the CBN Governor, INEC, and Buhari’s reform agenda to ensure a free and fair elections in 2023”

Many Media Houses shared the Kazaure N89trillion Stamp duty allegations against the CBN.

He alleged that the CBN diverted N89trillion (being 40% of the total stamp duty revenue collected between 2015 to 2022], and remitted the remaining 60% [N133.5trillion] to the federation account.

It was also alleged that he is pursuing this purported investigation and recovery,  because one industry professional promised him N370bn commission if he helps to recover the funds allegedly looted by the CBN.

The last time I checked stamp duty fees in Nigeria is about 0.75% ..

Records at the CBN and other credible sources,  show that between 2015 to 2022, the highest volume and value of Industry E payment figures captured ( across all the channels..POS, ATM, Mobile transfers,  cheques, etc was recorded in 2019. It was 90, 875, 084,742 transactions valued at N441,905,957,714,981.00 [Four hundred and Fourty One Trillion, Nine Hundred and Five Billion, Nine Hundred and Fifty Seven Million, Seven Hundred and Fourteen Thousand, Nine Hundred and Eighty One Naira Only]

Even if you apply the stamp duty charge of 0.75% on the N441trillion value of transaction, you will get maximum N3.3trillion in one year.

If you apply N50 on every of the 90,875,084,742 volume, you will get N4.5trillion.

Please can anyone, explain to me,  from which source  Kazaure generated  his N222.5trillion CBN Stamp duty revenue  2015 to 2022?

It is becoming so clear to every honest and discerning observer,  that Kazaure may actually be an integral  part of an organised syndicate   within the class of  political bandits, who are  so hell bent on discrediting and  undermining the CBN Governor , INEC and Buharis reform agenda to ensure a free and fair elections in 2023.

That the political class are united in opposition against the  CBN  new naira REDESIGNING and cash withdrawn limit evidences the fact that it is a good one,  aimed at stopping their criminal and nefarious activities.

Nigerians must resit these  political bandits.

Dr Obiareri wrote from Owerri, Imo State.